TORONTO, ONTARIO--(Marketwire - July 20, 2011) - STAR PORTFOLIO CORP. (TSX:XYM) announced today cash distributions for Star Yield Managers Class. Shareholders of record at the close of business on July 29, 2011 will receive cash distributions of $0.07 per share, payable on or about August 12, 2011.

Further information about Star Yield Managers Class can be found at www.bmocm.com/bmosp under "Closed-End Funds".

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities of the Fund offered have not been registered under the U.S. Securities Act of 1933, as amended (the "1933 Act"), or any state securities laws and may not be offered or sold in the United States or to a U.S. person absent registration under the 1933 Act or an applicable exemption from the registration requirements of the 1933 Act and applicable state securities laws.